Tuesday, Tuesday, May 03, 2016, 14 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 13.6%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar. Highlighted Stocks Going Ex-Dividend Tuesday: Delek Logistics Partners Owners of Delek Logistics Partners (NYSE: DKL) shares, as of market close today, will be eligible for a dividend of 61 cents per share. At a price of $33.60 as of 4:02 p.m. ET, the dividend yield is 7.5%. The average volume for Delek Logistics Partners has been 54,100 shares per day over the past 30 days. Delek Logistics Partners has a market cap of $789.0 million and is part of the energy industry. Shares are down 8.6% year-to-date as of the close of trading on Thursday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The company has a P/E ratio of 12.90. TheStreet Ratings rates Delek Logistics Partners as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Delek Logistics Partners Ratings Report now. First Niagara Financial Group Owners of First Niagara Financial Group (NASDAQ: FNFG) shares, as of market close today, will be eligible for a dividend of 8 cents per share. At a price of $10.56 as of 4:00 p.m. ET, the dividend yield is 3%. The average volume for First Niagara Financial Group has been 2.4 million shares per day over the past 30 days. First Niagara Financial Group has a market cap of $3.8 billion and is part of the banking industry. Shares are down 1.8% year-to-date as of the close of trading on Thursday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. First Niagara Financial Group, Inc. operates as a bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company has a P/E ratio of 19.89. TheStreet Ratings rates First Niagara Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income. You can view the full First Niagara Financial Group Ratings Report now. KB Home Owners of KB Home (NYSE: KBH) shares, as of market close today, will be eligible for a dividend of 2 cents per share. At a price of $13.57 as of 4:01 p.m. ET, the dividend yield is 0.7%. The average volume for KB Home has been 3.6 million shares per day over the past 30 days. KB Home has a market cap of $1.2 billion and is part of the materials & construction industry. Shares are up 10.6% year-to-date as of the close of trading on Thursday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. The company has a P/E ratio of 15.95. TheStreet Ratings rates KB Home as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow. You can view the full KB Home Ratings Report now. More About Dividends: One benefit of owning a stock is the potential that you will be paid a dividend. The distribution of dividend payments is another way for a company to share its profit with you. A dividend means that the company pays you a certain amount of money, either as a one-time payment or more commonly on a quarterly basis, for each share of stock you own. Many times, dividends come at the expense of greater price appreciation, because the company is distributing its profits to shareholders rather than reinvesting the profits back into the growth of the company. However, companies that pay dividends can be very attractive to investors when they offer a steady stream of income. There are some important terms and dates an investor should be familiar with before purchasing any dividend-paying companies. Let's work through an example to help better explain some of these terms: On March 1, ABC Widget Company has decided that because it holds excess cash and lacks investment opportunities, it would like to reward shareholders with a regular quarterly dividend payment. The date for this particular announcement is known as the declaration date. It is on this date that the company announces the specific dividend payment along with the holder-of-record date (aka record date) and the payment date. The company announces that a dividend payment of 25 cents per share will be payable March 31, 2012 (the payment date) to all shareholders of record at the close of business on March 16, 2012 (holder-of-record date). What does this all mean? Well the short story is that the company looks at its records on March 16 and anyone listed on the books as an owner of ABC Widget company will be eligible for the dividend payment (on March 31). The one other important term to remember is the ex-dividend date. The ex-dividend date (typically two trading days before the holder-of-record date for U.S. securities) is the day in which a company begins trading without the dividend. In order to have a claim on a dividend, shares must be purchased no later than the last business day before the ex-dividend date. A company trading ex-dividend will have the upcoming dividend subtracted from the share price at the start of the trading day. Many times, the price of a stock will increase in anticipation of the upcoming dividend as the ex-dividend date approaches, yet will fall back by the amount of the dividend on the ex-dividend date.